VALUE-ADD WALMART SUPERCENTER SHADOW CENTER • The subject property is a 30,000 SF Walmart Supercenter shadow Anchored Retail Center Located in Fulton, MS. • Six of the Eight Tenants are National Bands including CATO, Rent a Center, Shoe Show, AT&T, H&R Block, and Advance America. • Successful Tenant history: Average Occupancy in Center 11+ Years • The Adjacent Walmart Supercenter has performed well for over 20 years and has just recommitted to a new 10-Year Lease. • Value-Add Opportunity. The center is 69% Leased. Leasing to 90% Occupancy at $10/SF will create a CAP Rate over 15%.
DOMINANT RETAIL LOCATION | REGIONAL TRADE AREA • Fulton is located halfway between Memphis, TN and Birmingham, AL and is the county seat for Itawamba County. • This shopping center is the largest and the dominant retail center in Fulton making up 34% of the total retail square footage in Fulton. • Large Trade Area | Distance from nearest big-box competition: Target (112 mi.), Walmart (22 mi.), Kroger (23 mi.) and Sam’s Club (22 mi.).
ATTRACTIVE INTERSTATE LOCATION • Subject property is well located directly off I-22 and S. Adams St., the two busiest thoroughfares in Fulton (Combined 39,000 VPD). • Good Visibility & Multiple Points of Ingress/Egress. • 5 miles from Itawamba Community College (5,654 students and 550 employees). • National adjacent retailers include Wendy’s, McDonalds, AutoZone, KFC, Dollar General, O’Reilly, Goody’s, and More. • Within 3 miles of largest employers in Fulton: Crane and Sons (462 employees) employees), Mueller Copper Tube Co. (454 employees) and JESCO (728 employees).